Economy News

RBI to Launch Affordable Cloud Solution for Financial Firms, Aims to Reduce Dependence on Global Giants

The Reserve Bank of India (RBI) is preparing to disrupt the cloud services market by introducing an affordable, localized cloud storage solution for financial institutions in 2025. This initiative, led by the RBI’s Indian Financial Technology and Allied Services (IFTAS), targets smaller banks and financial firms struggling with the high costs of existing cloud services Read More…